Evaluation of financial statements of agricultural sector companies listed on Borsa İstanbul under high inflation conditions

Authors : Alper Tunga Alkan, Hakan Acer

Pages : 375-388

Doi:10.24181/tarekoder.1671399

View : 174 | Download : 331

Publication Date : 2025-12-19

Article Type : Research Paper

Abstract :Purpose: This study aims to analyze the financial data of five firms operating in the agricultural sector over the last three accounting periods and examine the impact of inflation accounting adjustments on ratio analysis, key audit issues, and Altman Z-Score models. Design/Methodology/Approach: The financial statements of the selected firms were assessed in terms of inflation accounting adjustments to determine their impact on financial indicators and bankruptcy risk calculations. Findings: The results indicate that inflation accounting adjustments enhance the accuracy of financial statements and improve bankruptcy risk assessments. While some firms managed to partially offset cost increases, others experienced significant declines in profit margins due to the negative effects of inflation adjustments. Firms with low profitability and liquidity problems faced greater challenges. No significant errors were identified in the inflation adjustment process, which was recognized as a key audit matter. Research Limitations/Implications: Due to time constraints, this study focuses on the period starting from 2023/12, when inflation accounting was first applied. Future research could extend the analysis over a longer period to examine its long-term effects. Originality/Value: This study evaluates the impact of inflation accounting on corporate financial stability, providing valuable insights into the financial implications of accounting adjustments in the agricultural sector. It contributes to the literature by offering empirical evidence specific to this sector.
Keywords : Tarım ekonomisi, Altman Z skoru, BİST tarım sektörü, yüksek enflasyon, enflasyon muhasebesi

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